SV Convenience Current A/c is an over draft linked current account.
Limit: Rs.1 Lac
- Scheme is applicable to existing as well as new customers
- Free Email statement facility.
- Free SMS alerts for ATM card based transactions.
Rate of interest:
As stipulated by the bank from time to time.
Against effect limit:
Upto Rs. 5 Lac.
Terms & Conditions:
- 2 Sureties of good means OR
- 1 Surety and in lieu of other surety.
- Own deposit equivalent to 50% of sanctional limit OR
- Govt securities(Face Value) equivalent to 50% of sanctional limit OR
- Surrender value of LIC Policy equivalent to 50% of sanctioned limit.
- Compliance of KYC formalities as per RBI guidelines.
- Firm/Concern to have minimum 2 yrs existence in the market with profits in Business and should be tax payers.
- AQB of Rs.5000/-
- Membership Shares: 25
- Account to be approved after CIBIL search report obtained by SVC.
- Applicants should have business place on ownership/rental basis.
- PAMAC verification report of the applicant to be obtained.